CASH RESERVE RATIO (CRR) is a ratio which banks have to maintain with itself in the form of cash reserves or by way of current account with the Reserve Bank, computed as a certain percentage of its demand and time liabilities. The objective is to ensure the safety and liquidity of the deposits with the banks.
NOTES PAYABLE are all note obligations, including bank and commercial paper. Does not include trade notes payable.
VAT see VALUE ADDED TAX.
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